S&P 500 posts highest close since November 8 on trade optimism

Investors assessed a slew of headlines on the talks, with top trade negotiators from the two countries meeting to wrap up a week of discussions on some of the thorniest issues in their trade war.If the two sides fail to reach a deal by midnight on March 1, then their seven-month trade war could escalate."People are expecting some sort of positive news on trade and tariffs with China fairly soon," said Peter Tuz, president of Chase Investment Counsel in Charlottesville, Virginia.